Borden Ave / Raven St median real estate price is $849,765, which is more expensive than 49.1% of the neighborhoods in California and 86.2% of the neighborhoods in the U.S.
The average rental price in Borden Ave / Raven St is currently $2,908, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.9% of California neighborhoods.
Borden Ave / Raven St is an urban neighborhood (based on population density) located in Los Angeles, California.
Borden Ave / Raven St real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Borden Ave / Raven St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Borden Ave / Raven St, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Borden Ave / Raven St is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Borden Ave / Raven St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
American households most often have a car, and regularly they have two or three. But households in the Borden Ave / Raven St neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 62.1% of the households here have four, five, or more cars. That is more cars per household than in 99.9% of the neighborhoods in the nation.
One of the really interesting characteristics about the Borden Ave / Raven St neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.3% of college-friendly places to live in the state of California.
Did you know that the Borden Ave / Raven St neighborhood has more Mexican and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.0% of this neighborhood's residents have Mexican ancestry and 1.1% have Armenian ancestry.
Borden Ave / Raven St is also pretty special linguistically. Significantly, 73.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.0% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Borden Ave / Raven St neighborhood in Los Angeles are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 77.7% of the neighborhoods in America. In addition, 8.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 53.2% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Borden Ave / Raven St neighborhood, 31.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (25.4%), and 16.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Borden Ave / Raven St neighborhood is Spanish, spoken by 73.9% of households. Some people also speak English (21.0%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Borden Ave / Raven St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (80.0%). There are also a number of people of Sub-Saharan African ancestry (1.5%), and residents who report Asian roots (1.4%), and some of the residents are also of Armenian ancestry (1.1%). In addition, 37.2% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Borden Ave / Raven St neighborhood spend between 30 and 45 minutes commuting one-way to work (33.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (76.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.